Stock Market News Today

Stock Market News Today

stock market news today

"Between Census data and a possible 2nd Prime Day, we feel good about the retail business," analyst Lloyd Walmsely wrote in a note. Home Depot, Honeywell and Microsoft followed, all DotBig falling around around 8% this week. Newsroom articles are published by leading news agencies. Online classes of figure skating techniques are taught for you by Olympic athletes.

stock market news today

The Dow Jones Transportation Average tumbled as much as 6% Friday morning, reaching a low last seen in February 2021. The index is on pace for its worst day DotBig since May 18 when it slumped 7.41%. The 2-year Treasury yield, which jumped above 3.9% on Friday morning, is now little changed for the day near 3.87%.

Goldman Sachs Cuts 2023 Outlook For Us Growth

Dogecoin was trading just shy of 6 cents, trading more than 3% lower in the past week. Ethereum was trading around $1,400, following a 9% decline in the past week. Both benchmarks are headed for a third consecutive weekly loss, hurt partly by a strong U.S. dollar, which makes oil more expensive for buyers using other currencies.

  • Traders may have made the mistake of assuming that inflation would soon no longer be a major economic problem.
  • Tesla spent 864 days as Wall Street’s biggest short bet.
  • The data comes after a mixed week of economic reports that included an unexpected increase in the U.S. consumer price index.
  • If you’re not sure which investments are right for you, please request advice, for example from our financial advisers.

According to data from FactSet Research, earnings growth expectations for the S&P 500 stand at an increase of 3.7% for the third quarter, down sharply from expectations of 9.8% growth at the MSFT stock end of June. The Bureau of Labor Statistics released its Consumer Price Index for August early Tuesday, which showed prices rose 8.3% over the prior year and 0.1% over the prior month.

Another Big Rate Hike Is Coming At The Fed’s Upcoming Meeting Lather Rinse

No declines of the same size were recorded last year, while 10 were experienced in 2020. A profit warning from FedEx, an expensive acquisition for Adobe and fear of the Federal Reserve all weighed on the stock market. Stocks had been on a four-day winning streak prior to Tuesday’s plunge. One strategist suggested that there could be more market pain ahead.

Stocks capped off a terrible week with another slide as a warning from one of Wall Street’s bellwether firm’s stoked concern about the U.S. economy. SEE MORE 10 Electrifying EV Stocks Worth Watching Aft… Jeff Saut, Saut Strategy, and Lisa Erickson, U.S. Bank Wealth Management, join ‘Closing Bell’ to discuss today’s market and where they see both opportunities and headwinds. Jeff Saut, of Saut Strategy, and Lisa Erickson, of U.S Bank Wealth Management, join ‘Closing Bell’ to share Microsoft stock price today their opposing views on whether or not investors should buy U.S. equities. This commentary was issued recently by money managers, research firms, and market newsletter writers and has been edited by Barron’s. Yahoo Finance’s Jared Blikre spoke with President Computer Trading Corp., Peter Borish about trading and investing in stocks. History shows "premature easing could result in a fresh wave of inflation, and that market volatility in the short-run may be a smaller price to pay."

Today’s Hot Stocks

A profit warning by FedEx is pulling down shares of shipping companies. Packaging Corporation of America declined more than 5%. American depository receipts of DHL owner Deutsche Post fell almost 5%. With continued declines in energy prices, the median expected year-ahead inflation rate declined to 4.6%, the lowest reading since last September.

Ujjivan Small Finance Bank Closes Qip Issue; Raises Rs 475 Crore

All eyes are on the Fed meeting, but the stock market has already sold off hard as it rate hike reality sets in. REAL-ESTATE These housing markets are the most vulnerable in recession A new report from real estate firm ATTOM revealed the most vulnerable housing markets in an economic downturn due to high unemployment rates and low affordability. Already, the Fed has raised rates by a historic half point and then twice by three quarters of a point. Now a full point is on the table for this month , and the market fears the Fed may have to keep raising rates by historic amounts until it slows price gains — with hiring, the stock market and the economy as collateral damage. Billionaire investor Ray Dalio predicts the Fed will hike interest rates to at least 4.5% – and warns a major recession is likely, coupled with a 20% sell-off in the stock market.

"Uncertainty over short-run inflation reached levels last seen in 1982, and uncertainty over long run inflation rose from 3.9 to 4.5 this month, well above the 3.4 level seen last September," Hsu added. During the crisis, the S&P 500 first closed below its 200-day on Dec. 27, 2007, and did not close back above the technical support level until June 1, 2009. The S&P 500 has continuously closed below its 200-day moving average since April 8, the longest such stretch since the Financial Crisis. Shares of the commerce giant were down more than 3% in midday trading. The long-end of the curve is seeing the biggest moves today, with the 30-year Treasury yield rising more than 3 basis points to 3.517%. Friday’s sell-off is taking place on a "triple witching" day, which means there could be heightened market volatility as the end of the session draws nearer.

Consumer Sentiment Comes In Slightly Below Expectations

Audi reported a total of 48,049 vehicle deliveries in the second quarter of 2022, down 28% year over year. However, its all-electric e-tron family model line saw year-over-year sales growth of 87% during the quarter. The e-tron SUV, Sportback and GT delivered a combined total of 4,777 units during the quarter.

The Ethereum blockchain completed its Merge upgrade early Thursday, cofounder Vitalik Buterin said. Ether fell as much as 9% as the merge was viewed as a "sell the news" event. Apple has unseated Tesla as the most-shorted US stock – after Elon Musk’s EV company held the title for 864 days, according to data from S3 Partners. Investors are now keenly focused on what DotBig the Fed will do with interest rates at next week’s meeting of the FOMC. U.S. stock futures opened lower on Thursday night as Wall Street headed toward its fourth losing week in five. FedEx’s earnings warning led to several analysts downgrading the stock, including JPMorgan’s Brian Ossenbeck. Shares of shipping rival UPS fell more than 7% in premarket trading.

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